P
#16 Best Colleges in America

Penn Tuition & Cost

Philadelphia, Pennsylvania

 3 Reviews

How much does it cost to attend?

In State Pennsylvania Resident Sticker Price
$81,110
In State Costs for University of Pennsylvania
Fee Cost
Tuition$53,166
Books and Supplies$1,358
Other Fees$6,876
Room and Board $16,784
Other Expenses Budget$2,926
Out of State Resident Sticker Price
$81,110
Out of State Costs for University of Pennsylvania
Fee Cost
Tuition$53,166
Books and Supplies$1,358
Other Fees$6,876
Room and Board $16,784
Other Expenses Budget$2,926

Residents of Pennsylvania pay an annual total price of $81,110 to attend University of Pennsylvania on a full time basis. This fee is comprised of $53,166 for tuition, $16,784 room and board, $1,358 for books and supplies and $6,876 for other fees.

Out of state residents are charged a total cost of $81,110 which is 0% higher than Pennsylvania residents. The tuition charge is $53,166 while room and board is $16,784, books and supplies are $1,358 and other fees come in at $6,876.

All price data is sourced from the 2020/2021 U.S. Department of Education National Center for Education Statistics survey.

Net Price

Net price is indicative of what it actually costs to attend University of Pennsylvania when typical grants and scholarships are considered. The net price varies by family income and financial need.

Average Net Price 2019/2020
$24,167
Net Price by Income University of Pennsylvania
Family Income Net Price Paid
$0 to $30,000$580
$30,001 to $48,000$1,938
$48,001 to $75,000$12,020
$75,001 to $110,000$20,957
$110,000+$43,447

The average reported annual net price for University of Pennsylvania for students receiving grants or scholarship aid was $24,167 in 2019/2020. Net price includes tuition and required fees, books and supplies, and average cost for room and board and other expenses

Costs for Similar Colleges 

Financial Aid

49% of full-time undergrad University of Pennsylvania received financial aid in the form of grants, scholarships, fellowships from the institution or from Federal, State or local government agencies. This aid averaged $54,019 per student during the 2019/2020 school year. Grant and scholarship aid does not need to be paid back. 11% of students received Federal Student Loans averaging $5,182 and 3% of undergrads took out private student loans averaging $27,541.

Finanical Aid University of Pennsylvania
Type Avg./Student Students Receiving
Total Grant and Scholarship Aid $54,019 49%
Institutional Grants and Scholarships $51,169 47%
Pell Grants $5,138 15%
Other Federal Grants $3,980 12%
State and Local Grants $2,906 5%
Federal Student Loans $5,182 11%
Other Student Loans $27,541 3%

Student Loans

To gauge a more realistic picture of what it may really cost you out of pocket to go to University of Pennsylvania, we've modeled a ten year student loan with an original principal value of $82,368. The loan balance of $82,368 is a four year multiple of the $20,592 average net price. This is a estimate of what you could owe upon graduation if you were to qualify for average financial aid and what a degree really may cost. Should you not qualify for financial aid, you may owe significantly more when you graduate. Based on these assumptions, a monthly repayment of $786 could be required to satisfy your student loan.

Please note that financial aid is not guaranteed and is only available for qualifying students. Federal Student Loans are not grants and must be repaid with interest. The current Stafford loan interest rate is 2.75%.

Example Loan $82,368
Stafford Loan Interest Rate 2.75%
Time to Pay Off Student Loan 10 years
Example Monthly Payment $785.88
Total Interest Paid $11,937.79
Sum of All Loan Payments $94,305.79

Projected 4 Year Degree Price

4 Year Sticker Price
$324,440
Year Pennsylvania Residents Non Residents
1 $81,110 $81,110
2 $84,562 $84,562
3 $88,160 $88,160
4 $91,912 $91,912

Based on published tuition prices, we estimate the current cost of a 4 year bachelor's degree and living expenses at University of Pennsylvania to be $324,440 - assuming graduation in normal time. The estimation assumes a 4.3% annual increase over the next 4 years which has been the recent trend for this school.

Credit Hour Cost and Price per Class

Credit Hour and Class Costs at University of Pennsylvania
Price Per Credit 3 Credit Class 4 Credit Class
Out of State Residents $1,892 $5,676 $7,568

Estimated cost for a class at University of Pennsylvania based on published credit hour prices. Note that not all schools allow single class enrollment. These prices should be used for comparison purposes as to how much it may cost to take a class at University of Pennsylvania versus other colleges.

Tuition Payment Plans Available

University of Pennsylvania Payment Plans
Tuition Payment Plan Yes
Prepaid Tuition Plan Yes
Alternative Tuition Plan Yes
Guaranteed Tuition Plan No

Primary data source, U.S. Department of Education https://nces.ed.gov/collegenavigator/?id=215062 IPEDS survey data for University of Pennsylvania.